Source: Tuoi Tre
Prime Minister Nguyen Tan Dung has approved a master plan to build a border economic zone in southern Binh Phuoc Province to boost trade with Cambodia.
The Hoa Lu Border Gate Economic Zone, covering an area of 28,364 hectares, has so far attracted hundreds of billions of dongs from more than 60 businesses.
The zone is designed to locate in a trans-Asia transport axe to become a trade, industry and services center in Binh Phuoc Province.
A duty-free shopping mall and resident areas will be developed in the Hoa Lu BGEZ.
Border economic zones play an important role in the government’s plan to promote investment, services and trade with its neighbors.
In July last year, Prime Minister Dung approved a master plan to build a super economic zone extending through 10 provinces that border Cambodia.
Under the plan, border areas in four Central Highlands and six southern provinces will be developed into an economic zone by 2020.
The border economic zone will extend through the provinces of Gia Lai, Kon Tum, Dac Lak, Dak Nong, Binh Phuoc, Tay Ninh, Long An, Dong Thap, An Giang and Kien Giang.
Under the economic zone plan, the border areas of these provinces will become key entry points for trade, services and cargo traveling from the East Sea to the Greater Mekong Sub Region nations - Cambodia, China, Laos, Myanmar, Thailand and Vietnam.
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